Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 9.82% | 0.02% |
| 2010: | 7.14% | 0.01% |
| 2009: | 8.93% | 0.02% |
| 2008: | 13.39% | 0.03% |
| 2007: | 10.71% | 0.02% |
| 2006: | 18.75% | 0.04% |
| 2005: | 8.93% | 0.02% |
| 2004: | 10.71% | 0.02% |
| 2003: | 8.04% | 0.02% |
| 2002: | 3.57% | 0.01% |
The following displays the volumes of online applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chatham occur during our first quarter (represented by the brown bars) with 37.50% while our slowest is the fourth quarter (represented by the red bars) with 18.75%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 17.9% | |
| 2: | March: | 11.6% | |
| 3: | August: | 10.7% | |
| 4: | November: | 9.8% | |
| 5: | April: | 9.8% | |
| 6: | January: | 8.0% | |
| 7: | July: | 8.0% | |
| 8: | June: | 5.4% | |
| 9: | September: | 5.4% | |
| 10: | May: | 4.5% | |
| 11: | December: | 4.5% | |
| 12: | October: | 4.5% |
The bar graph listed below illustrates the busy days for online inquiries that were received by the CanEquity web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Chatham, the day with the most volume, having more than 18.75% of all submissions, is Monday. In comparison, Friday's are the slowest day with only 9.82% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 18.8% | |
| 2: | Thursday: | 18.8% | |
| 3: | Tuesday: | 15.2% | |
| 4: | Saturday: | 15.2% | |
| 5: | Wednesday: | 11.6% | |
| 6: | Sunday: | 10.7% | |
| 7: | Friday: | 9.8% |
Chatham mortgage applications are received 24 hours a day on the CanEquity web site. The graph shown below indicates the busy hours in the day. The data is taken from all days of all years.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 01:00 to 01:59: | 0.9% |
| 03:00 to 03:59: | 1.8% |
| 05:00 to 05:59: | 2.7% |
| 06:00 to 06:59: | 3.6% |
| 07:00 to 07:59: | 1.8% |
| 08:00 to 08:59: | 3.6% |
| 09:00 to 09:59: | 8.9% |
| 10:00 to 10:59: | 5.4% |
| 11:00 to 11:59: | 8.0% |
| 12:00 to 12:59: | 8.9% |
| 13:00 to 13:59: | 7.1% |
| 14:00 to 14:59: | 9.8% |
| 15:00 to 15:59: | 5.4% |
| 16:00 to 16:59: | 2.7% |
| 17:00 to 17:59: | 4.5% |
| 18:00 to 18:59: | 5.4% |
| 19:00 to 19:59: | 6.3% |
| 20:00 to 20:59: | 1.8% |
| 21:00 to 21:59: | 7.1% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 1.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 042: | BELLEVILLE, ON | 0.243% |
| 043: | WELLAND, ON | 0.243% |
| 044: | NORTH BAY, ON | 0.236% |
| 045: | STONEY CREEK, ON | 0.232% |
| 046: | WOODBRIDGE, ON | 0.217% |
| 047: | CHATHAM, ON | 0.211% |
| 048: | ORILLIA, ON | 0.208% |
| 049: | ST THOMAS, ON | 0.185% |
| 050: | AURORA, ON | 0.181% |
| 051: | ORANGEVILLE, ON | 0.164% |
| 052: | BROCKVILLE, ON | 0.155% |
| 1 | Charing Cross, Ontario |
| 2 | Blenheim, Ontario |
| 3 | Ridgetown, Ontario |
| 4 | Tilbury, Ontario |
| 5 | Merlin, Ontario |
| 6 | Bothwell, Ontario |
| 7 | Comber, Ontario |
| 8 | Wallaceburg, Ontario |
| 9 | Dresden, Ontario |
| 10 | Belle River, Ontario |
| 11 | Cottam, Ontario |
| 12 | Tecumseh, Ontario |
| 13 | Oil Springs, Ontario |
| 14 | Algonac, Ontario |
| 15 | South Woodslee, Ontario |
| 16 | Wheatley, Ontario |
| 17 | Thamesville, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 21.4% | |
| Refinance: | 21.4% | |
| No Money Down: | 19.6% | |
| Qualification: | 17.0% | |
| Purchase: | 9.8% | |
| Renewal: | 6.3% | |
| Commercial: | 2.7% | |
| Low Doc: | 0.9% | |
| Equity Mortgage: | 0.9% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 69
Youngest age: 19
The following figures show the average income of Canadians living in Chatham who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Chatham: | $45,618.61 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($13,879.86) |
| mortgage co-applicants in Chatham: | $34,891.31 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($7,511.82) |
The chart and pie-graph below depicts the residential status of people living in Chatham who have applied for a loan using CanEquity's preapproval application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 42.9% | |
| Own: | 42.9% | |
| Other: | 2.7% | |
| No Comment: | 3.6% | |
| Live with parents: | 8.0% |
The information below shows the marital status of applicants from Chatham, Ontario using the mortgage application found at canequity.com. In Chatham, over 59% of the mortgage applicants are living with someone, while only 38% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 33.9% | |
| Single: | 26.8% | |
| Common-law: | 25.9% | |
| Separated: | 7.1% | |
| Divorced: | 4.5% | |
| Widowed: | 1.8% |
